“We’ve just taken on a probate property yesterday. It’s on at £750,000, but when done, you’re looking at a million pound property”. Said the estate agent.

With a £250,000 paygap it sounded like a property development that needed to be seen.

But here’s the thing – there’s really only one question you need to ask yourself when presented with a potential property development: will it make money?

So here’s the property – a three bedroom semi-detached in Northfields, Ealing, London. (I’ve switched to doing a lot more videos lately because it gives you a better idea/ memory of what the property was actually like. Photos are still really useful – but more so in terms of specific areas of focus, or issues you want to highlight).

And so wanting to follow my own advice of last week (investing in property locally) I decided to do some sniffing around on the net and see what I could find for less nearby.

I didn’t get very far before I spotted a one bed for just £29,995 in Broxbourne, EN10. Broxbourne is a pleasant town in Hertfordshire and is just down the road from me. It’s not an area I know so well, but it’s pretty close to the Easy Buy To Let Property and so it fits geographically. Critically (for me and my buying criteria) Broxbourne has a regular train service to London (Liverpool Street) with a journey time of just 32 minutes.

Making money from property

When it comes to big, tall buildings London isn’t really up there with the likes of New York – where you literally break your neck trying to catch the roof tops.

But, the low-profile skyline of London has been changing in recent years with more and more developers clambering for the moon. The opening of The Shard in 2013, an 87-storey skyscraper standing approx. 309 metres (1,014 ft) high – heralded London as home to the tallest building in the European Union.

The Walkie Talkie building (so called because of it’s shape) is located at 20 Fenchurch St. The 34-storey building is approx 160 m (525 ft) tall and while only being London’s fifth tallest building – it is home to London’s highest roof garden. (more…)